CoStar Data Shows Strong Prelet Activity Driving UK Lab Space Demand to a Record High
CoStar data shows UK lab space demand reached a record high in Q3 2026, with rolling four-quarter take-up exceeding 1.2 million square feet following a 300,000 sq ft prelet by GSK at Cambridge Biomedical Campus. Despite the demand surge, UK laboratory vacancies hit a record 14.3% in Q2 2026, more than doubling in two years as 1.8 million sq ft of new space was delivered across the Golden Triangle.
Key figures
- Due by year end
- 1.4 million square feet
- Pipeline change ytd
- -13%
- Gsk prelet cambridge
- 300,000 square feet
- Uk lab vacancy q2 2026
- 14.3%
- Golden triangle vacancy
- > 25%
- Construction starts 2026
- < 130,000 square feet
- Uk construction pipeline
- 3 million square feet
- Uncommitted space future
- > 40%
- New lab supply delivered 2y
- 1.8 million square feet
- Prologis approval cambridge
- 112,600 square feet
- Uk lab rolling take up q3 2026
- 1.2 million square feet
- Avg monthly unique visitors q2 2026
- 118000000
AI analysis
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